Insurer Royal London has acquired financial technology business Wealth Wizards from rival provider LV=.
Rival insurer LV= had been Wealth Wizard's main investor since 2015. Royal London said the deal, which is subject to regulatory approval, demonstrated its commitment to advisers and the increasing demand for technology-enabled solutions. Royal London chief executive Barry O'Dwyer (pictured) said: "We see the positive impact of advice on customers' lives every day and will work with advisers to help to overcome the advice gap in the UK. "This acquisition provides us with an opportunity to enhance the leading support and service we already provide with market leading technology and proc...
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